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IMF approves $77 mln in disbursements to Moldova

Oct 2, 2012, 7:38:55 PMArticle by Kire Nedelkovski
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October 2 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday its executive board has completed the fifth reviews of Moldova's economic performance under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements.

IMF approves $77 mln in disbursements to Moldova

The completion of the fifth reviews makes $77 million (60 million euro) in disbursements immediately available to the Moldovan authorities, the IMF said in a statement.

The blended financing arrangements with Moldova under the ECF and the EFF for an amount equivalent to Special Drawing Rights 369.6 million (about $569.4 million) were approved on January 29, 2010.

($=0.7748 euro)

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